Consumers of financial institutions that have failed threaten to vote against the NPP.

Coalition of Affected Savings and Loans Customers (CASLOC) members have strongly urged the government to free their funds that have been locked away.

The alliance, which comprises depositors from 23 defunct savings and loan businesses, 347 microfinance organisations, and 39 microcredit institutions, disclosed during a news conference in Kumasi on Monday, November 25, that more than 500,000 members are still waiting for their money back.

Over 2 million depositors were paid back by the government through the Receiver between 2019 and 2020; many of them received their reimbursements before to the general elections in 2020. More than 500,000 members, according to CASLOC, have not yet received their money.

According to the group, many depositors were left without options when payouts ceased just after the 2020 elections. They have denied the government’s repeated statements that all impacted consumers have received their money back, claiming that these claims are untrue.

The impacted consumers have given the government a week to respond to their requests. They threaten to organise their villages and families to vote against the New Patriotic Party in the elections scheduled for December 7 if nothing is done.

The group’s secretary, Ezekiel Annor Akagbo, denied government communicators’ assertions that all impacted clients had received their money.

“Our members are spread throughout Ghana’s sixteen regions. It should be noted that nearly 3.3 million customers were served by the more than 300 institutions that failed. And a little more than two million have been compensated.Travel packages

And there are more than 500,000 left. Therefore, we are giving the government a week’s notice that we will vote against them if we don’t receive our payments by the end of this week.